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Search Results 0 to 27 of about 28 (some duplicates have been removed)
the spectacle of that. >> new year's in spain, it also has an interesting tradition. it involves grapes only because the grapes sitting right here. tell me about this. >> yes, all people in spain on the strike of midnight do the following, a great spanish tradition. what they do is, they will start with one grape on the stroke of midnight and for every single minute, every second until the next minute have another grape. i thought we should try it and see how it goes. usually people in spain don't necessarily eat all the grapes, but we can try and, again, it's called the old knight and in the squares of madrid, they'll have the huge clocks chiming and the people in the square all together will do it collectively. so, as we hear the first chime, let's try it. >> do we have chimes? >> we have chimes. >> i'm going to choke if i eat more than one. worse yet, you can't kiss. how do they kiss? you can't answer because you're eating these grapes. you do this well, i think you went to spain at least once for new year's eve. >> she did much better than me. >> i dropped one. >> i have 11 sitting here.
whole >>> rain on christmas day, more showers into wednesday >>> it's been a difficult year in spain. one in four people there out of work, but it's ending with some christmas cheer. nearly 2,000 people hit the jackpot in the world's richest lottery. the story of el gordo is next on "cbs this morning." and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region wher
is not fine. what beshould do is start a war with spain or france. if we go that everyone will rally to the flag. the south will come in. everybody wants to be beat up on the europeans. he doesn't say it idly. he tells the ambassador from spain and france that it's a deal. the question is what does lincoln want to do. lincoln doesn't think the south is bluffing. he has a problem. the north is not unified behind a war effort. maybe only a third of northern want to fight a war to keep the south in union. about a third are happy about it. we get rid of them. they are fine. let's get rid of the south. we don't have to -- let them go. about a third don't care. we don't want them to leave we don't want to fight for it either. lincoln does something clever. some people want to spend armed expedition to reinforce sumter. some want to sneak these troops in to reinforce them. and they want to give it up. lincoln doesn't do any of them. lincoln announces publicly that he's going send an e petition it's only going to have food and no weapons or ammunition. just food. he's forcing the decision to
's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but perhaps what is consistent with what you're saying, why is it your view that that is going to happen? >> sometimes you need to pull away. you move away from the fundamentals a little bit on the month to month improvements. if you look at 2013 as a whole, the big headwinds you've had in a number of years, fiscal austerity is largely the sarp in europe year on year. 2014, that comes up quite quickly. 2013 is largely going to be the final year of the crushing deleveraging if you like on the european banks. so essentially the whole theme of the aurm is 2014 should credibly be the first recovery year we've been in years. >> 2013?
as governor. spain was he the head of the church at the time? >> absolutely. >> was their political insight within the church and did he have rifles? >> not really he felt that he didn't have any rivals within the church especially after they get to utah. there are other people that put themselves forward as possible leaders after joseph smith's death, but at the time brigham young's faction of the church reaches utah, he has eliminated most dissent. in fact she brags that the church does not experience 10% of the dissent under his leadership as it had under joseph but he had a firm hand. >> how many wives did he have? >> only 55. >> how many children? >> 58? wohlstetter does he have descendants today? >> tens of thousands. if they but all by the book i would be very wealthy. >> were you able to talk with any of his descendants and researching pioneer profit? >> i didn't set out to talk with any of his descendants but there are quite a number of brigham young's descendants in utah and i spent a lot of time in utah during research for the book so i happened to meet some of his descendants. >
so far. europe is moving things. not the united states. spain also by the way we didn't talk about this they officially asked for european funds to recapitalize their banking sectors. that's also a bit of good news. i want to talk about china because i got a lot of calls and questions about my comments last week on china. have you noticed we got good news on the manufacturing overnight on china. better than expected. november better than expected. the pmi numbers. guess the whole world went up. korea went up. everything went up except china. a lot of comments last week about what exactly is happening in china because china -- mainland china stock market is among of the worst performers for the whole year. we're down 11% in shanghai this year. hong kong is up 18%. how do you explain this? this was a huge debate in the last couple of weeks and of course a lot of people are@@ pointing to the fact that there's less stimulus than expected coming from the government. they haven't said anything but that's not the problem. this has been going on now for months and months on end. selling sh
than greece, more than spain. but conversely, china, if gdp is coming back, they are in what many consider to be a sweet spot. >> the numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we knew that monti was successful. >> it may be whoever follows him is going to roll some of the gains that he's had. so-called gains. >> that's going to cause ripples here. look, on saturday night, i said, we're going to have a nice opening. china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
dramatically worse. in portugal, spain, italy, there is deepening political dysfunction in the european union. thases one place to look -- that's one place to look. it will encourage russia to make moves of its own. you mentioned south africa. south africa is not going in a good direction. it was supposed to be the most optimistic spot on the african continent. i don't see many bright spots. maybe new zealand, but even the new zealand economy is heading south. >>> still ahead, counting down to obamacare. big changes could be coming in 2013 for you and your family thanks to the y president's health care overhaul. we'll tell you what to expect when we come back. >>> well, get ready, america, for the arrival of obamacare. key provisions of the mammoth health care overhaulro kick in. the editorial board member is here to tell you what to expect. or as we call the bill, joe, the lifetime employment act. so what can we expect this year? >> well, look, the bill ramps up starting in october 2013. so you are going to have three big changes. it is pouring out of the obama administration and regulation
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 20
and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace
and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. in the deficit regions. this is not philanthropy. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. you may recall that in the 1920s, internationally, we had a gold standard. fixed exchange rates. it is like having a single economy. -- a single currency. that gold standard creates a a degree of growth, together with the emergence of state corporations like edison that allows the bankers to run riot, and to reach far too much into the future to bring value to the peasant and to re
production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allerg
to spain and other countries and china the code to under 53 miles an hour -- tour de miles an hour -- 253 miles an hour. california where you are building new infrastructure, and do it at 2 under miles an hour. that is what we're going to do. in illinois the best we can do is 110 miles per hour. would we like to go to hundred? of course we would. it is not possible. >> it is a standard we can live with. >> that is right. there has been some criticism as well that the money that has not been spent yet, if you think it has been reasonable to has been the amount of money without developing the plan and making obligations for the studies that are required? is not ok to have obligated the money and still ask for more because we can obligate more ?hat's >> of the past four years we have not seen any bad deals from sweetheart deals with a cane to the $48 billion. none. we did the right way. by the book. we did it the way congress asked us to do its. we put 65,000 people to work over the last four years with the $40 billion with 15,000 projects. if people think we have been so slow, fine. i will
? coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting some news coming out of washington. the dow jones jumping right now. up 70 points right now. >> reporter: that's right. session highs. the dow up 73, nasdaq about 35, the s&p up almost 12 points after seeing it fairly flat, searching for direction all morning. keep in mind, five straight losing sessions for the dow, trying to stave off that losing streak here on hopes of of this bill cliff still coming through, also taking a look at pfizer and bristol-myers today, the fda approving a cholesterol fighting drug from both companies. those are both up. bristol-myers up one and a half%. pfizer up just sligh
economies in the global economy. she was less bullish on the idea that greece or spain or anybody else in trouble might effect the u.s. economy. she said, you know, the problem with the u.s. is internal, and it becomes a world problem. >> what do you think about the supreme court, they're now going to consider california's proposition 8, consider same sex marriage in the united states. >> i think it raises obviously to the highest court in the land a question that has bounced around the states with different verdicts. you have had a lot of states had constitutional amendments banning same sex marriage, california said yes, then has said no. you had for the first time the past election a couple states pass it in a statewide referendum, when previously when it was on the ballot it had gone down. this is a question that has had different answers in some states, and some states different answers different times within the same state. the supreme court providing a road map is helpful, if you want a 50 state solution. the question is is that what the constitution calls for. >> and will they
on trains in spain and other countries in china that go 250, 300 mules an hour -- miles an hour. you're never going to get a train going 250 miles an hour along the northeast corridor, nor would you want to. but in california where we're building new infrastructure, do it at 200 miles an hour which is what we're going to do. in illinois the best we can do is 110 miles per hour. would we like to go 200? of course we would, but it's not possible. >> so it's a, it's a standard that we can live with -- >> that's right. >> -- as high-speed rail. and then, um, you know, lastly, there's been some criticism as well that it's money that hasn't been spent yet. do you think it's actually even reasonable to have spent, actually spent the amount of money without developing the plans and rigorously reviewing those and making obligations for the studies that are required for those, and isn't it actually okay simply to have obligated the money and still ask for more because we can obligate more? >> what i'm proudest of, over the last four years you haven't seen any bad stories about boondoggles, ear
this fiscal fundamentalism that has been practiced in greece, spain, portugal, right now, with massive cuts will be good for the u.s. economy, they are sadly mistaken. $300 billion, that could spike unemployment in the teens. that kind of recession would not be one from which the economy could easily read resurrect consumer spending. host: ed is on the line. caller: how are you? observing the president over the past four years, it seems he is delivering on what he promised, which is he was coined to fundamentally change america. through these economic policies of the spending program, the growing dependency on government by not only individuals but corporations, it seems he is getting what he wants. it seems to me that going over the clip will just be another blow to the u.s. economy, which will help his political position. it seems the dependency -- it seems dependency has been the game. americans have to rely more on the political class to save them more dependent they become one government. it is frightening. the president is going to fundamentally change america. he is delivering on its
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
and france are about to go in recession. when you have a shaky economy, piling on taxes does not work. spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op-ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax rates three times those earning middle incomes in this country. salaried income versus capital gains gets confused. capital gains are no sure things. it is a high-risk proposition. there has always been a lower rate for capital gains. you would see this economy crater and hope of investment and go by the boards. bill clinton lowered the tax rates. to reverse that trend, that was a bad decade, the 1970 's. we have seen that in other countries. raise the rates and you get less investment and a lower st
fight in spain. the traditional battle with flour, eggs and fireworks is a yearly event in the town. people dress in silly, military style costumes, and then take overpower in the town until sunset. the celebration marks the day of the innocence which is described as their april fool's day. whatever makes you happy. >>> one of the best rivalries in college sports will take place in stanford. the women's team will tip off against the huskies. both go in undefeated. the women have an 82 straight win streak there. >> stanford is going to have plenty of report on new year's day. 38, 9oo fans bought tickets while only 16, 5hundred went to wisconsin fans. its been 13 years since stanford appears at the bowl. yesterday stanford practiced at the home depot center. >>> preparations are underway for the 124th rose parade. volunteers busy putting on the final touches on all the floats, this year's theme, the places you will go. inspired by dr. suess. dogs will be a big part of the parade. people won't be able to steak out spots until noon on monday. more than 700,000 people are expected to at
zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box," everybody. in our headlines we're about an hour away from the november jobs report and the numbers are expected to be impacted by sandy. the dow jones forecast is calling for new 80,000 nonfarm jobs. >>> the reuters forecast is calling for 93,000 new jobs. >>> ibm is implementing a significant change to its benefit program. starting next year matching contributions to employees' 401(k) accounts will be given in one lump sum on december 31st. if a worker leaves the company before december 15th, they won't get anything from that payment. >>> also video game sales fell 11% in november from a year ago that's according to the new figur
, and in my state, at least from two countries, spain and germany, we have been able to export -- or import jobs -- or i should say import the ability to create jobs through foreign investment in my state for the component manufacturing. so it's been a success so many ways. and maybe one other thing that ought to be emphasized at this time where some of our members and maybe more members in the other body seem to be more cynical about any sort of investment in green energy because of solyndra and other places where taxpayer money has gone in the way of grants and then there has been immediate bankruptcy so the wasting of the taxpayers' money. there is no -- absolutely no benefit from the wind energy tax credit unless you actually produce electricity from it. so it's not going to be one of these situations where taxpayer money through a tax incentive is going to go to some company and not reap the benefits of it, the end result in this case being the production of wind energy. the production tax credit for wind is working and should be a part of the effort in washington to get more americans
are the poor -- hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states th. we see pensions being cut without any notice hardly at all social programs slashed. -- at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this them -- at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every y
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
Search Results 0 to 27 of about 28 (some duplicates have been removed)